Earlier, I noted that Evercore analyst Patrick Wang today cut ratings on both Nvidia and Advanced Micro Devices, while likewise cutting numbers on Intel.
Just look at what Intel has done to Advanced Micro Devices over the past 12 months: Thanks to a salvo of new processor designs--and a cutting-edge manufacturing process--Intel has grabbed 76.3% of the market for the "x86" processors that power most of the world's computers in the final quarter of last year, up from 74.4% during the year-ago period, according to Mercury Research.